Mr. Terry Lingren Chairman and CEO Resonant Inc. Dear Terry, Park City Capital, LLC is a private investment firm based in Dallas, TX. As you know from prior conversations, investment funds that we manage have acquired a 4.35%1 interest in Resonant Inc. (“RESN” or the “Company”) bringing our position to 300,000 shares of common stock. Based…

NorthStar Realty Finance Corp. has approved a plan to spin-off its European real estate business into a separate publicly-traded REIT, NorthStar Realty Europe Corp. NorthStar Realty Europe is expected to be listed on the New York Stock Exchange and the Company is evaluating a dual-listing in Europe. NorthStar Realty Europe will be managed by NorthStar…

Town Sports International Holdings, Inc. announced that Daniel Gallagher has been appointed Chief Executive Officer and Robert Giardina has been appointed Executive Chairman of the Board. Mr. Gallagher had been TSI’s President and Chief Operating Officer since January 2014, and prior to that the Chief Financial Officer. Mr. Giardina had been TSI’s CEO since 2010….

ITEM 4. PURPOSE OF TRANSACTION The Stock was acquired for investment purposes in the ordinary course of business. As such, the Filer may purchase, hold, vote, trade, dispose, sell or otherwise deal the Stock for the benefit of their clients depending on changes in the per share price of the Stock, or related to changes in the Issuer’s operations,…

Purpose of Transaction. The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale…

Barington Capital Group, L.P. announced today that one of its affiliates has notified The Eastern Company of its intention to nominate two persons for election to the Board of Directors of Eastern at the Company’s 2015 Annual Meeting of Shareholders. Barington has been deeply disappointed by the performance of the Company, which has significantly underperformed…

Fidelity National Financial Ventures, a tracking stock established to highlight the inherent value of the portfolio companies of Fidelity National Financial, Inc. has approved the repurchase of up to $185 million of FNFV common stock at a price range between $14.30 – $15.40 per common share through a modified Dutch auction tender offer. Under this…

On February 23, 2015, the Reporting Persons delivered a letter to the Issuer notifying the Issuer that they are seeking to nominate Dilip Singh, Jeff Misthal and Scott Williams (the “Nominees”) as nominees to the Board of Directors of the Issuer at the Issuer’s 2015 Annual Meeting of Stockholders or any other meeting held in…

Armstrong World Industries, Inc. has approved a plan to separate the Company’s Flooring business from its Ceilings (Building Products) business, creating two independent publicly traded companies. The separation is intended to be a tax-free spin-off of the Flooring business to the Company’s shareholders, and is expected to be completed in the first quarter of 2016….

Stadium Capital Management, LLC (together with its affiliates, “Stadium Capital”) continues to believe that the Issuer has been significantly mismanaged for many years and is operating well below its growth and profitability potential. Stadium Capital also continues to believe that a number of opportunities exist within the control of the Board of the Directors (the “Board”)…

February 23, 2015 Via Facsimile and Overnight Mail Carlos E. Aguero Chairman, President and Chief Executive Officer Metalico, Inc. 186 North Avenue East Cranford, NJ 07016 Dear Mr. Aguero: As you know, I am a significant stockholder of Metalico, Inc. (“Metalico” or the “Company”), currently owning approximately 11.7% of the outstanding…

Atlas Energy Group, LLC, a wholly-owned subsidiary of Atlas Energy, L.P. that will be an independent company following its planned spin-off from Atlas Energy, announced that it currently expects annualized cash distributions to be $0.70 to $0.80 per common limited partner unit based on initial expectations of cash flow to its business. The current forecast…

February 20, 2015 Domenico De Sole Lead Independent Director Sotheby’s 1334 York Avenue New York, New York 10021 Domenico, I am writing in response to Sotheby’s announcement on February 13th that “there will be no return of capital to shareholders at this time”.1 In the 18 months since Marcato’s initial investment in Sotheby’s, we have outlined numerous opportunities…

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